Mon.Oct 26, 2015

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Interview with Jonathan Kohn, Fitspot

socalTECH

Los Angeles is the capital of on-demand apps, for just about anything you want. One of those areas that combines LA's passion for on-demand apps, and its active lifestyle, is Fitspot (www.fitspotapp.com), which brings athletic trainers to you or your local fitness center. We spoke with Jonathan Kohn , the founder and CEO of Fitspot, on what the startup is all about.

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Activity ? Results

Frank Addante

Does an activity (be it a meeting, project, or decision…) bring you closer to achieving your goals or farther away? Asking this simple question before beginning a task has not only made me more productive, but it has helped me more effectively lead. I refer to this results-oriented approach with my team as: activity ≠ results. When you look at the most successful companies and thriving work cultures, there’s a common theme: they focus on output and results, as opposed to activity.

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Open Listings Finds $1M

socalTECH

San Diego-based Open Listings says it has raised $1M in a seed funding round, for the company's home buying service. The funding came from Y Combinator, Soma Capital, ChinaRock Capital, I/O Ventures, Joe Montana & Liquid2 Ventures, Kevin Hale, Josh Guttman, Kevin Moore, along with angels. According to Open Listings, it will use the new funding to build out its home buying platform.

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Activity ? Results

Frank Addante

Does an activity (be it a meeting, project, or decision…) bring you closer to achieving your goals or farther away? Asking this simple question before beginning a task has not only made me more productive, but it has helped me more effectively lead. I refer to this results-oriented approach with my team as: activity ≠ results. When you look at the most successful companies and thriving work cultures, there’s a common theme: they focus on output and results, as opposed to activity.

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Can You Ask for Office Rent Relief? How to Manage Your Lease During COVID-19

Office leases are one of companies’ largest expenses, and if your whole team is working from home with no clear end in sight, you may be wondering what to do about your lease.

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Ixia Extends In the Middle East

socalTECH

Calabasas-based Ixia the developer of network testing hardware and software, said today that it has linked up with Starlink, a value added IT security distributor serving the Middle East, Turkey, and Africa. Ixia said Starlink is now stocking its security and network visibility products for customers in the region. The two said Starlink has more than a 1000 customers across such areas as government, banking and finance, telecommunications, oil and gas, education and healthcare.

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5 Keys to Rebounding From a Failed Business Strong

Startup Professionals Musings

If you boast of never having a business that failed, most investors will assume that you have never tried anything innovative or you simply haven’t faced the truth. According to many reports , about half of startups fail in the first five years. What investors look for is that you wear your failure as a badge of courage and can talk positively about what you have learned.

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RealtyMogul.com Funds Medical Office Building In Florida

socalTECH

Los Angeles-based online real estate investing marketplace RealtyMogul.com said it has helped to finance the acquisition of a multi-tenant, medical office building in Hollywood, Florida. RealtyMogul.com said it helped project sponsor SF Partners to purchase the Hollywood Medical Center, by raising equity from its pool of nearly 20,000 accredited investors.

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PeerStreet, Co-founded By Google Exec, Launches Real Estate Loan Marketplace

socalTECH

Los Angeles-based PeerStreet said this morning that it has launched a brand new, online real estate loan marketplace, which is aimed at accredited investors interested in real estate investments. The startup, founded by Brew Johnson and Brett Crosby, says it is looking to make real estate debt accessiblle to investors in a more, democratic way, by linking with professional loan originators natiide.

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Clearlake Capital Rolls Up IT Infrastructure Providers Pomeroy, Tolt Solutions

socalTECH

Santa Monica-based private equity investor Clearlake Capital has acquired and combined two, IT infrastructure companies, Pomeroy and Tolt Solutions , in a new company called the Pomeroy Group of Companies. Financial details of the acquisitions were not disclosed. Both Pomeroy and Tolt Solutions help customers deploy IT infrastructure. Clearlake Capital said the newly created Pomeroy Group company has over 4,000 employees and nearly $1 billion in annual revenues.

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